downpunxxAug 16, 2023

gotdamn

https://media.kbin.social/media/70/a6/70a6d71538f7ecd8b85df4d66ac54a71321d9b697afd7013edc77f519661bd08.jpg

Show threadeek2121Aug 16, 2023

People think I am full of it when I say that my household income (largish household with kids) is a quarter million a year and we are basically living like we are middle class. Money just doesn’t go as far as it used to.

As a millennial, I never would have imagined working my way up to this point only to find I can’t even buy a house. Oh sure, I could make the bare minimum down payment and get stuck with a super high mortgage payment, but if I lose my job or become disabled or unable to work, we would have no way to pay for it.

Groceries, housing, and insurance costs have more than doubled for us since 2019.

Show threadDosCommasAug 16, 2023
Sounds like you live in HCOL area where $250K is pretty much middle class.
Show threadSCB
250k household is not middle class anywhere in the United States.
Aug 16, 2023 at 10:16pmWeb
Show threadDosCommasAug 17, 2023
$250K is borderlining middle class in San Francisco and Seattle.
Show threadSCBAug 17, 2023

It most assuredly is not.

Median income there is $54k or less in both of those cities. 5x median income is not middle class.

Show threaddragonflyteapartyAug 17, 2023
I really don’t think that’s a good metric given that the average house cost in San Francisco is 1.12 million dollars. Someone making $250,000 a year isn’t affording that house any easier than someone making $54,000. They’re both priced out. That’s the point everyone else is making. That and the new idea what anyone working for a living is not upper class.